Has rights to a 85.180 hectares mining concession in Central Sulawesi and South Sulawesi, Indonesia through a Contract of Work (Generation VI in 1997).
Construction & Production permit was approved in Nov 2017 with 3 years construction period and 30 years production period (until 2050).
1ˢᵗ CIL gold Plant’s capacity is being upgraded from 500 ton to 2,000 ton ores per day (estimated completion : October 2026).
2nd CIL gold Plant has been processing around 4,000 – 4,500 ton ores per day.
Plan to start the underground gold mine operation with higher gold grade in 2H 2027.
Appointed Macmahon (Australia) as the mining contractor in Palu in Q1 2025. Macmahon is an ASX listed company with extensive experience in both surface & underground mining worldwide
